Steps to Commercialization

We have developed below a generalized chronology for academic entrepreneurs to familiarize themselves with the
steps needed to create a spin-off based on their research work at TAMUS. A start-up company requires numerous steps in
its formation. There is no specific sequence in which different tasks should be accomplished, as every new company has its own unique circumstances and needs.
Please note the steps below are provided in a sequence in which many new ventures are created but these might vary in their sequence or occur in parallel
depending on the urgency and needs of the new venture.

This table gives you a quick list of steps for working with TTC to launch a company to
commercialize your idea or innovation.

Phase 1

Step 1: Disclose Your Idea with an Invention Disclosure

Contact TTC. We’ll work with you to fill out a disclosure form and verify that your idea or innovation is ready and legally eligible for the next step.

Step 2: Map a Path to Commercialization

TTC will work with you to determine the next steps of commercialization, like determining IP protection or whether a spin-off company should be a joint venture with TTC or your own.

Phase 2

Step 3: Identify a CEO or Advisor

TTC will help you find the right CEO or Advisory Team
for your company.

Step 4: Develop a Business Model and Business Plan

Work with your CEO to develop a business plan to
include market analysis, marketing and sales activities, product development plan, organization and personnel, and financial strategies.

Step 5: Incorporate

Establish the company as a fully licensed corporation
and legal entity.

Step 6: Negotiate the Option or License Agreement

Should you option or license your idea? Decide which agreement type works to your discovery’s best advantage. TTC can help you analyze the pros and cons of each approach.

Phase 3

Step 7: Sign a Conflict of Interest Disclosure

A&M System employees must exercise due diligence to ensure there is no potential or actual conflict of interest
or commitment to comply with the law. You will work
with your department on this step, but TTC can facilitate the process for you.

Step 8: Secure Board of Regents Approval

Work with your department to develop the initial
Board of Regents approval memo, required for those within the A&M System to be part of a business venture involving the A&M System. TTC can help facilitate the process for you.